Hanwha Techwin America moves to new headquarters
RIDGEFIELD PARK, N.J.—Hanwha Techwin America, based here for the past 12 years, will be moving into its new headquarters in Teaneck, N.J., by Jan. 16.
Tom Cook, company vice president of sales, told Security Systems News that several reasons motivated the company to find a new space: expanding the physical space, updating and refreshing the offices and expanding the company’s technical capabilities relating to new products.
“We’re rolling out a lot of VMS online testing, camera testing that can be done to make our integrations much more efficient and the Internet bandwidth or funnel of data that we would require wasn’t available in the building that we’re in right now,” Cook said.
The company plans to allow access to its products through Wisenet Dev, a new software being developed that will allow partners to test Hanwha products and their integrations without needing to be shipped a physical product. “We can save, probably, 30 to 60 days on that process [by using Wisenet Dev],” Cook added.
Growth was a big factor in seeking a new facility, Cook said. Hanwha Techwin America has seen a CAGR of around 22 percent for the past five years, and expects between 24 and 25 percent growth for 2017.
The Teaneck location has about 40 percent more space, according to Cook, jumping to 14,000 square feet from the current facility’s 10,000 square feet. The company currently has more than 60 employees based out of its New Jersey headquarters.
“Our projection this year is to hire about 11 new sales people and 9 internal people in the New Jersey headquarters,” said Cook.
Hanwha Techwin America’s new facility is located about three-quarters of a mile from its current headquarters; the company wanted a close-by location to avoid relocating current staff, Cook said.
The move gave the company an opportunity to rebrand more under the Hanwha name, according to Cook, following the company’s April 2016 name change. “It definitely has the look and feel of a Hanwha Techwin organization,” he said. “As we redid our booth design like at ISC West and ASIS, we went from a blue oriented structure to a very orange and grey oriented structure, and we’ve done the same here with the new offices.”